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What Is Phase 1 Environmental Due Diligence? Understanding the environmental condition of a property is essential for anyone looking to make a real estate investment. In this video, we will discuss the process of Phase 1 Environmental Due Diligence and why it matters in property transactions. We will cover what this process entails, including the review of historical records and site inspections, to identify any potential environmental risks that may impact your investment. You will learn how trained professionals assess properties for signs of contamination and what steps are taken if issues are discovered. We will break down the importance of generating a comprehensive report that outlines the findings of the assessment and provides recommendations for further action. If necessary, we will also touch on the next steps, such as conducting Phase 2 Environmental Site Assessments, to fully understand any environmental liabilities. Whether you are a buyer or simply interested in the real estate market, this video will equip you with essential knowledge about environmental due diligence. Join us for this informative discussion, and subscribe to our channel for more insights on property management and investment strategies. ▶️ Subscribe to our channel for more valuable insights. 🔗Subscribe: Subscribe: http://www.youtube.com/@BusinessGuide... #️⃣#BusinessGuide360 👥 About Us: At BusinessGuide360, we cover a wide range of topics, from small business strategies and effective leadership to innovative business practices and industry trends. Our goal is to empower you with the knowledge and tools necessary to succeed in the dynamic world of business. Disclaimer: BusinessGuide360 does not guarantee the accuracy or timeliness of any information on this channel. Information found on this YouTube Channel is strictly for informational purposes and does not construe legal, financial or medical advice. Use at your own risk. Advertising and Affiliate Marketing Disclaimer: Some links in this video description may be affiliate links. This means if you click on the link and purchase an item, BusinessGuide360 may receive an affiliate commission. This is at no extra cost to you, and it helps us to continue providing valuable content. Our content, including the advice provided, is independent and not influenced by any advertiser or commercial initiative.